Larry Lepard on what Fed policy is doing to the middle class

They are causing the middle class to suffer.  For Jay Powell to say "the Fed doesn't cause wealth inequality" is just complete and utter bullshit.

~ Larry Lepard, interview with Daniela Cambone, Stansberry Research, 20:20 mark, September 24, 2021

MacKenzie Scott on wealth inequality

It would be better if disproportionate wealth were not concentrated in a small number of hands.

~ MacKenzie Scott, ex-wife of Jeff Bezos, June 15, 2021

(Scott gave an additional $2.7 billion to 286 charitable organizations, bringing her total donations to $8.5 billion in less than a year, likely a one-year record for a living person.  She became the richest woman in the world in September 2020.)

The New York Times on how to raise living standards

There isn’t a big mystery about how to reduce inequality and lift living standards for most Americans. Raising taxes on the wealthy, which are historically low, and devoting the money to everyone else would make a real difference.

~ The New York Times, May 2, 2021

Bob Rodriguez on Joe Biden's plan to add addressing black inequality to Fed's mandate

There's one other aspect that concerns me. We have a presidential election coming up. People will be on one side or the other. Looking specifically at one item of Biden's economic plan, it would be to effectively add a third mission to the Federal Reserve’s mandate. The Fed would need to address Black/minority equity and unemployment. This would further politicize the Fed. If this were to occur, I believe it would raise anxiety among many of our holders of Treasury securities, which total more than $7 trillion. If they decided to reduce their holdings, like what has been occurring over the course of the past year, this could put additional pressure on the dollar. It would also likely mean the Federal Reserve would have to be the buyer of last resort. This could increase the size of the Fed’s balance sheet even more so beyond the deficits that will occur over the next five years.

~ Bob Rodriguez, "Bob Rodriguez: We are in a Rolling Depression," by Robert Huebscher, Advisor Perspectives, September 7, 2020

Zachary Yost on the role of guilt-ridden rich kids in BLM protests

Hopefully, as social life slowly returns to normal and as the weather gets colder, the guilt-ridden rich kids will tire out from playacting as revolutionaries and return home. But until then, it seems that the rest of us will be forced to suffer as they work out their psychological problems through some window-smashing therapy.

~ Zachary Yost, "What's with the Rich Kid Revolutionaries?," Mises Wire, September 22, 2020